§ 1303.305. Patient Safety Trust Fund
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: June 30, 2006
Effective: June 30, 2006
40 P.S. § 1303.305
§ 1303.305. Patient Safety Trust Fund
(a) Establishment.--There is hereby established a separate account in the State Treasury to be known as the Patient Safety Trust Fund. The fund shall be administered by the authority. All interest earned from the investment or deposit of moneys accumulated in the fund shall be deposited in the fund for the same use.
(c) Payment.--Commencing July 1, 2002, each licensed medical facility shall pay the department a surcharge on its licensing fee, and each abortion facility not subject to State licensure shall pay an assessment as necessary to provide sufficient revenues to operate the authority. When determining the assessment for an abortion facility, the department shall apply the same methodology utilized for an ambulatory surgical facility. The total payment for all medical facilities shall not exceed $5,000,000. The department shall transfer the total payments to the fund within 30 days of receipt.
(d) Base amount.--For each succeeding calendar year, the department shall determine each medical facility's proportionate share of the authority's budget. The total amount shall not exceed $5,000,000 in fiscal year 2002-2003 and shall be increased according to the Consumer Price Index in each succeeding fiscal year.
(f) Dissolution.--In the event that the fund is discontinued or the authority is dissolved by operation of law, any balance remaining in the fund, after deducting administrative costs of liquidation, shall be returned to the medical facilities in proportion to their financial contributions to the fund.
Credits
2002, March 20, P.L. 154, No. 13, § 305, effective in 60 days. Amended 2006, May 1, P.L. 103, No. 30, § 2, effective in 60 days [June 30, 2006].
40 P.S. § 1303.305, PA ST 40 P.S. § 1303.305
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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